Barney Frank Endorses Bill Penned By Ron Paul, Fed Reserve May Be Audited

August 30, 2009

US (ChattahBox) – Barney Frank (D-Mass) has reportedly said at a town hall meeting that a bill introduced by Ron Paul (R-TX) (shown left) will be voted on in October, and that he, Frank, endorses it. The bill would allow for a mass audit of the Federal Reserve.

The bill is similar to that which was introduced by Paul in the 1980’s, and dismissed. With the current recession, and a crisis that began due to businesses irresponsibility, people have started taking more notice.

“I think it’s the financial crisis obviously that’s drawing so much attention to it, and people want to know more about the Federal Reserve,” Paul was quoted as explaining the sudden success to FOX News.

Paul has always been a firm disbeliever in the Federal Reserve, which he says already has too much power. He believes that “if they give them a lot more power and there’s no more transparency, that’ll be a disaster. ”

Support from both sides has been gathered, and Frank says he is confident that it will pass.

“We will subject them to a complete audit. I’ve been working with Ron Paul, who’s the main sponsor of that bill,” Frank was quoted by The Washington Independent.

“He agrees we don’t want to have the audit appear as if it is influencing monetary policy, as that would be inflationary, and Ron agrees on that. We also think that one of the things the audit will show you is what the audit buys and sells.”

This is an unexpected win for Ron Paul, who, while having a number of supporters, is often criticized for what many believe are ridiculous ideas. His interviews have become extremely popular on YouTube, where supporters and dissenters alike can often be found arguing over the issues presented.

The bill is set to go up for vote in October.


Comments

3 Responses to “Barney Frank Endorses Bill Penned By Ron Paul, Fed Reserve May Be Audited”

  1. Twitted by attractionman on August 30th, 2009 5:34 pm

    […] This post was Twitted by attractionman […]

  2. gold_tracker on August 31st, 2009 12:09 pm

    You might want to check out the rest of what Frank said here from the person who apparently transcribed the comments.

    What Barney Frank Really Said About Ron Paul’s HR1207: http://globaleconomicanalysis.blogspot.com/2009/08/what-barney-frank-really-said-about-ron.html#

  3. SpritelyWatchdog on August 31st, 2009 12:43 pm

    We need to audit the federal reserve, and hold our elected officials accountable for their actions. The free ride is over. Accountability in 2010 and in 2012.

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